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Four new currencies on CLS

FX Week staff

08 Sep 2003

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A year on from its launch, the CLS service is now aiming to eliminate risk in 11 currencies through CLS Bank. Following regulatory approval, the Danish krone, Norwegian krone, Singapore dollar and Swedish krona have all been designated as CLS Bank eligible currencies by the CLS Bank board of directors. They join the existing seven currencies: the Australian dollar, Canadian dollar, euro, Japanese yen, sterling, Swiss franc and US dollar.